Question

An item is sold for Rs. 540 at a profit of 8 %. For what amount should it be sold to earn a profit of 2 % ​

Answer 1

Answer:

Step-by-step explanation:

Loss %=  

c.p

c.p−s.p

​  

×100

{ c.p= cost price, s.p = selling price }

⇒  

100

5

​  

=1−  

cp

540

​  

 

⇒  

cp

540

​  

=  

100

95

​  

 

⇒cp=  

95

540×100

​ =508.2

Answer 2

Answer:

here,S.P. =540

profit = 8% of C.P. =8/100 of C.P.

S.P. = C.P. + profit

=C.P.+8/100 C.P. = C.P. [108/100]

C.P. = S.P. × 100/108 = 540 × 100/108 = 500

now, required profit = 2% of C.P.

S.P. = C.P. + profit

= 500 + 10= 510